Unity Metals (ASX: UM1) has reported high-grade gold intercepts from its maiden drilling program at the Ngot Gold Project in Cambodia, confirming the presence of a mineralised system at the Ngot Central prospect.
Assays from the first six holes of a planned 50-hole program returned multiple high-grade results that included intersections of 1 metre at 21.8 grams per tonne gold and 0.5m at 18.4g/t gold, alongside broader zones of lower-grade mineralisation.
Drilling at Ngot Central has intersected stacked zones of quartz–pyrite–arsenopyrite veining hosted within diorite, extending from surface and consistent with intrusion-related gold systems.
The company noted similarities between the observed mineralisation style and that of the nearby Okvau gold mine, located approximately 2 kilometres north of the project.
Additional results from Ngot Central remain pending, with assays yet to be received for a further 10 holes.
Broader System Emerging
Beyond Ngot Central, drilling has also identified broad zones of sulphide-rich stockwork veining at the Rohav Mountain prospect, with mineralised intervals ranging from 20m to 50m in width observed in four holes to date.
Drilling is also underway at additional targets including Srolao, where gold-bearing veins are some of the thickest (up to 0.5m wide) discovered within the Ngot project.
Unity has observed gold prospecting pits and trenches at Srolao across an area extending more than 600m, with a series of workings along parallel gold-bearing veins within an 80m wide corridor.
The company believes this work was conducted by China Forwin, the previous licence holder over the Ngot licence area.
Unity’s rock chip samples from this mineralisation are of consistently high grade, with assays up to 27.4g/t gold.
Approximately 60% Complete
The ongoing 8,000m diamond drilling program is approximately 60% complete, with remaining targets including the Ngot Northeast and Mesam South prospects still to be started.
Unity said assay turnaround times have been slower than anticipated due to high sample volumes at laboratories servicing multiple operators in Cambodia.
Managing director Craig Mackay said the company is testing multiple un-drilled targets across the project, with two rigs operating continuously as exploration accelerates.
“We are encouraged that a previous rock chip sample of similar mineralisation […] in this area returned 24.7g/t gold, 206 g/t silver, 0.9% lead, and 4.4% zinc, and that our drill holes in this mineralisation lie approximately 400m directly upstream from the largest area of alluvial artisanal mining in the Ngot licence,” he said.
Further assay results over the coming weeks are expected to provide a clearer picture of the scale and continuity of mineralisation across the project.
